Benchmark indices continued their record-setting trend for the second straight session with the BSE Sensex soaring 182 points to an all-time high of 38,875.86 on heavy buying by foreign funds and domestic institutional investors, tracking strong global markets.

The broader NSE Nifty too hit a record high of 11,751.20.

Trading sentiments remained extremely bullish largely in tandem with a firm trend at other Asian bourses, taking another record lead from Wall Street as investors cheered news of trade deal between the US and Mexico.

Sentiment also got a lift following an improvement in liquidity in the market on fresh inflows by foreign funds, brokers said.

Strong gains in metal, power, tech, healthcare and IT, fertilisers and sugar stocks lifted the key indices to new highs.

The 30-share index surged 181.75 points, or 0.46 per cent, to trade at an all-time high of 38,875.86, surpassing its previous high of 38,736.88, recorded in Tuesday’s trade.

The gauge had gained 442.31 points on Monday to close at record high of 38,694.11.

All sectoral indices led by metal and power packs were trading in the positive zone, rising up to 0.95 per cent.

The NSE index Nifty too hit a new high of 11,751.20 by gaining 59.25 points, or 0.50 per cent. It also breached previous record of 11,700.95 (intra-day) hit on Monday.

Index heavyweight Reliance Industries was quoting at an all-time high of Rs 1,304.30.